LSCPH Annual Report 2021
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FINANCIAL SUMMARY<br />
INCOME STATEMENT 2022 <strong>2021</strong> 2020<br />
OPERATING REVENUE<br />
Somers Inc 1,430,119 831,678<br />
Camps, Functions & Activities 8,847 427,377<br />
Grants & Donations 419,499 284,002<br />
Rent Albert Park 340,741 277,188<br />
Other Income 477,084 216,522<br />
Total Revenue 2,676,290 2,036,767<br />
EXPENSES<br />
Somers Inc 802,700 800,647<br />
Camps, Functions & Activities 16,357 137,926<br />
Albert Park 37,295 64,595<br />
Depreciation 164,752 178,780<br />
Administration Expenses 760,920 744,577<br />
Total Expenses 1,782,024 1,926,525<br />
OPERATING SURPLUS / LOSS 894,266 110,242<br />
BALANCE SHEET 2022 <strong>2021</strong> 2020<br />
CURRENT ASSETS 3,060,077 1,818,677<br />
Non Current Assets 2,067,437 2,198,460<br />
Total Assets 5,127,514 4,017,137<br />
CURRENT LIABILITIES 845,866 695,963<br />
Non Current Liabilities 66,208 - 0<br />
Total Liabilities 912,074 695,963<br />
NET ASSETS 4,215,440 3,321,174<br />
MEMBERS' FUNDS<br />
General Fund (Retained Surplus) 4,215,440 3,321,174<br />
*Our Social Enterprise, Somers Inc generates income through external hirers of the Campsite, allowing for profits to then be returned to our facilities and programs<br />
26<br />
LORD SOMERS CAMP AND POWER HOUSE
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